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Fri Dec 13 04:20:00 UTC 2024: ## Anil Ambani’s Reliance Power Stock Soars After Winning Major Solar Energy Contract

**Mumbai, India** – Shares of Reliance Power, led by Anil Ambani, surged 5% on Thursday, reaching ₹46.24, boosting the company’s market capitalization to ₹18,580 crore. This significant jump follows a major win for Reliance NewSunTek, a subsidiary of Reliance Power. On December 9th, the company secured a 930MW solar energy contract, including a Battery Energy Storage System (BESS) project, through an e-reverse auction.

This surge marks continued growth for Reliance Power, which has seen its stock price increase by approximately 99% in the past year, effectively doubling investors’ money. Over the past five years, the stock has delivered a staggering 1319% return. Reliance Power’s recent success highlights Anil Ambani’s efforts to expand his business ventures.

**Disclaimer:** This news article is for informational purposes only. Consult with market experts before making any investment decisions.